In the long run, a firm's average cost curve is mathrm(d)_(mathrm(n)) mathrm(n) True False

Name: in the long run, a firm's average cost curve is mathrm(d)_(mathrm{n)} mathrm(n) true false
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Question

In the long run, a firm's average cost curve is mathrm(d)_(mathrm(n)) mathrm(n) True False

Answer 1

False. In the long run, a firm's average cost curve is not always U-shaped. The shape of the average cost curve can vary depending on factors such as economies of scale, technological advancements, and market conditions.

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In the long run, a firm's average cost curve is mathrm(d)_(mathrm(n)) mathrm(n) True False

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